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Ethereum

Convex USD Market Making

FRAXDAIUSDCUSDT

This pool facilitates trades between four USD stablecoins. Your yield is generated from swap fees paid by traders when an exchange happens.

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1.7%
Yield
30d APY
D
Risk
APY
Last 90d
Editor's Take
Investment Rationale

This pool is best suited for degen investors seeking higher yield on USD and fully understand the reflexive design of FRAX.

Risk Perspective

This pool is rated D primarily because FRAX is a risky asset that is exposed to death spiral risk as its price depends on FXS, its native protocol token.

Pool Performance

This pool performs well when FRAX's algorithmic stablecoin design functions as intended but is subject to impermanent loss if FRAX depegs.

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Yield1.7%
30d APY
Base
0.5%
Reward
1.2%
.
TVL
$2M
-26.21%
last 30d
Yield
1.7%
APY 30d
Earnings
<$0.1M
Last 30d
Protocol
Convex
Summary
Risk
Fundamentals
Risk of losing your entire investment due to systemic issues in the underlying chain, protocols, or assets
D
Yield Source
Geometric spirals as the background of the yield source card header
Percentage icon symbol
Your yield consists of trading fees from the buying and selling of FRAX, USDC, DAI and USDT stablecoins on the Ethereum blockchain
Medal award icon symbol
There are short-term incentives to encourage more deposits into the pool
Investment Strategy
Asset icon 0
Asset icon 1
This pool serves as a yield-generating savings account for you to earn yield on your USD stablecoins
Risk Details
Pool Fundamentals
D

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